Place Stratification in Tokyo and New York. Kuniko Fujita and Richard Child Hill

Size: px
Start display at page:

Download "Place Stratification in Tokyo and New York. Kuniko Fujita and Richard Child Hill"

Transcription

1 Place Stratification in Tokyo and New York Kuniko Fujita and Richard Child Hill Sociology Department Michigan State University East Lansing, Michigan Presented at ISA World Congress of Sociology, Durban, South Africa, July 24-29, 2006.

2 2 Introduction Place stratification has long preoccupied American urbanists. Control over territory is a basic means of reproducing class privilege in the United States. Class segregation carries enormous implications for the life chances of American urban residents, including their educational and occupational opportunities, the vitality of their neighborhoods, and the attractiveness of their central cities. 1 Place inequalities have received less attention among urbanists outside of the United States. But with globalization, neoliberalization and Americanization, concerns about place stratification in Asian and European cities have grown. The editors of a recent collection on globalizing cities in North America, Europe and Asia found that class is becoming more ingrained in the spatial order of all of cities they surveyed. Variations among the cities notwithstanding, social contact across class lines is contracting, the spatial boundaries separating classes are more visible, and the segregation of classes within those bounded spaces has increased. 2 The ambitious URBEX research program on social exclusion and spatial segregation in six European cities, while still in progress, also indicates neighborhood inequalities are becoming more pronounced. 3 Little research attention has gone to place inequalities in Japanese cities but in Japan, too, political decentralization and public concerns about rising social inequality have made the relationship between space and class a potentially more significant topic. 4

3 3 We know very little about variations in urban class segregation among nations and even less about differences among cities in different regions of the world. Our aim in this paper is to help narrow that gap in our knowledge through a comparative study of place stratification in Tokyo and New York over the past three decades. Specifically, we examine levels, trends and patterns in the distribution of per capita income among Tokyo s 23 central wards and 26 suburban cities compared to New York City s five boroughs and 59 community districts. Place Stratification in Tokyo & New York New York City The municipality of New York City is made up of five individual counties. Each county is coterminous with a borough: Manhattan (New York County), Queens (Queens County), Brooklyn (Kings County), Bronx (Bronx County) and Staten Island (Richmond County). New York City reorganized into its present form in 1898, consolidating all existing town and county governments into the five boroughs overseen by a unified and centralized municipal government. The population of New York City was 8.0 million in 2003, with Manhattan containing 1.57 million residents, Bronx 1.36 million, Queens 2.23 million, Brooklyn 2.47 million and Staten Island 0.46 million (See Table 1). (Table 1: Population, New York City & Tokyo, , About Here) New York City is governed by an elected Mayor and City Council. City Council members represent geographically bounded city districts. Each of the 5 boroughs also has an elected Borough President with limited powers and a

4 4 Borough Board composed of the President and the New York City Council members from that borough. The city is further divided into 59 community districts, each represented by a community board appointed by the Borough President. 5 (See Map 1). New York City s community districts were established by law in 1975 and range in size from less than 900 acres to nearly 1500 and in population from fewer than 35,000 residents to more than 240,000. Community boards review applications for zoning changes, make recommendations for budget priorities and serve as advocates for New York City residents and communities but their effectiveness is limited by weak means of communication and meager budgets. (Map 1: New York City, 5 Boroughs and 59 Community Districts, About Here) Until boundary standards were changed in 2003, the New York region consisted of two hierarchical levels: the New York City Primary Metropolitan Statistical Area (PMSA) comprising New York City s five boroughs plus Westchester, Putnam and Rockland counties in New York State and the New York-Northern New Jersey-Long Island Consolidated Metropolitan Statistical Area (CMSA) consisting of 15 PMSAs, including the New York City PMSA (See Map 2). We use the New York City PMSA, which had a population of 9.5 million in 2000, in the metropolitan component of the analysis that follows. 6 (Map 2: The New York City PMSA and the NY-NJ-PA MSA, about Here) The U.S. Census Bureau uses boroughs as the major geographic entity in presenting data on New York City. A New York City borough is the equivalent of a county. Counties are legal entities whose boundaries are defined by state law. Community districts are geographically defined political entities unique to New

5 5 York City. The New York Department of City Planning publishes a wide array of data on community districts derived from the U.S. census tracts located in each district. 7 Our study of place stratification in New York City is based upon data for boroughs published in decennial censuses by the U.S. Census Bureau and upon data on community districts published by New York City s Department of City Planning. In this study, place stratification in New York refers to stratification among New York s 5 boroughs and among the city s 59 community districts. We measure income inequality among places by the coefficient of variation (CoV). The CoV indicates the degree to which an array of numbers is dispersed around the average of the array. The greater the dispersion, the greater the inequality. The CoV is calculated by dividing the standard deviation in a distribution of numbers by the mean of the distribution. Place stratification among boroughs Per capita income inequality among New York City s five boroughs doubled between 1970 and The trend is linear. Inequality grows larger decade by decade. The CoV among the five boroughs increased from.222 in 1970, to.261 in 1980, to.362 in 1990 to.442 in 2000 (See Table 2). (Table 2: Per Capita Income & Income Inequality among New York City Boroughs, , about Here) In 1970 the wealthiest borough (Manhattan) had 1.79 times the per capita income of the poorest (Bronx). By 2000, that ratio had ballooned to New York s richest borough is also growing apart from the city s middle income boroughs. Manhattan s income gap with Queens rose from 1.30 in 1970 to 2.23

6 6 in 2000, with Brooklyn from 1.71 to 2.56, and with Staten Island from 1.49 to By contrast, Queen s income ratio with the Bronx held steady at 1.37 while Brooklyn and the Bronx grow only slightly more apart (from 1.05 to 1.20) (See Table 3). So, rising income inequality among boroughs in New York City is essentially Manhattan pulling away from all of the rest. (Table 3: Income Ratios among NYC Boroughs, , about here) Place stratification among community districts. We have decennial census data for New York City s 59 community districts only for 1990 and As with the five boroughs, the CoV among New York s community districts increases between 1990 and 2000 from.645 to.736 (see Table 4). Sub-dividing the boroughs into smaller scale community districts nearly doubles the degree of measured inequality:.645 in 1990 for the 59 community districts as compared to.362 among the 5 boroughs, and.736 among community districts in 2000 in contrast to.422 among the boroughs. (Table 4: Per capita income inequality, NYC Community Districts, , about here) Breaking the city into community districts sharpens the spatial picture. The highest income districts in 1990 and 2000 were all located in the southern half of Manhattan. But northern Manhattan and the Lower East Side also contain some of the lowest income areas in the city. The very poorest districts are in the South Bronx and along the northern perimeter of Brooklyn (Map 3). So, it is a handful of districts in the lower half of Manhattan, not the borough as a whole, that is pulling away from the rest of New York City. 8 (Map 3: New York City Poverty Areas, about here)

7 7 While Manhattan is New York s wealthiest borough, and is distancing itself from the other four, Manhattan also has the most internal spatial inequality of the 5 boroughs (See Table 5). The CoV among Manhattan s community districts was.601 in 2000 as compared to.397 in the Bronx,.217 in Queens,.396 in Brooklyn and.125 in Staten Island. Queens and Staten Island are the least stratified. Place inequality declined somewhat in Manhattan and in the Bronx between 1990 and 2000, from.625 to.601 in Manhattan and from.461 to.397 in the Bronx, suggesting that Manhattan may be becoming more homogeneously wealthy and the Bronx more homogeneously low income. Place stratification increased slightly in the other 3 boroughs. (Table 5: Per Capita Income Inequality among Community Districts By Boroughs, NYC, , about here) Place stratification between central city and suburbs Spatial inequality is also increasing between New York s suburbs and the central city. New York City has less than two-thirds the per capita income of its surrounding suburbs and the gap has been widening over the past 3 decades. The New York PMSA includes the 5 boroughs of New York City (the central city ), and cities, towns and villages in three adjacent New York counties: Westchester, Rockland, and Putnam. 9 The ratio between central city and suburban per capita income fell in the New York PMSA from 72.5 percent in 1980 to 65.2 percent in 2000 (see Table 9, Tokyo Section). Westchester County adjoins New York City on its northern border. Westchester County s per capita income in 2000 was $36,726 as compared to $22,402 for New York City, a county vs. central city income gap of over $14,000

8 8 per person. Per capita income among Westchester s 43 cities, towns and villages averaged $45,895 as compared to $22,780 for New York City s 59 community districts. Twenty of Westchester s 43 suburbs had higher per capita incomes than the borough of Manhattan in The highest income Westchester communities (Bronxville $89,483, Scarsdale, $89,907) had per capita incomes above New York City s wealthiest district, the Upper East Side of Manhattan ($82,500). The lowest income Westchester community (Mount Vernon $20,827) had a higher per capita income than the Bronx, Queens or Brooklyn and higher than all but 17 of New York City s community districts. Suburban communities in Westchester County are stratified amongst themselves but considerably less so than community districts in New York City. The highest income Westchester community (Scarsdale $89,907) had 4.3 times the income of the lowest (Mount Vernon $20,827). But that is less than half the 9.3 ratio that exists between New York City s wealthiest (Upper East Side $82,500) and poorest (Mott Haven, Bronx $8,876) community districts (see Table 6). The CoV in per capita income for Westchester suburbs was.395 in 2000 as compared to.727 among community districts in New York City. What most distinguishes Westchester suburbs from New York City districts is the absence of poor communities in Westchester County. (Table 6: Per capita income inequality, NYC Community Districts & Westchester County Suburbs, 2000, about here) In summary, income inequality among New York City boroughs doubles between and The trend is incremental and linear. Each decade brings greater inequality than the last. The rise in spatial inequality is largely due

9 9 to the wealthiest borough, Manhattan, pulling away from the other four boroughs. The gap between middle income Queens and Brooklyn and low income Bronx changes little over the 30 year period. It is a handful of districts in the lower half of Manhattan, not the borough as a whole, that is pulling away from the rest of New York City, thereby making Manhattan the most internally divided of the 5 boroughs. New York s suburbs are also pulling away from the central city. New York City has less than two-thirds the per capita income of its surrounding suburbs and the gap has been widening over the past 3 decades. Place Stratification in Tokyo & New York Tokyo Tokyo has a special status in Japan s intergovernmental structure. Tokyo functions as a prefecture, of which Japan has 47, rather than as a typical city. Tokyo has a metropolitan government headed by an elected Governor and Assembly. 10 Tokyo metropolitan government ( to ) includes 23 special wards ( ku ), 26 cities ( shi), 5 towns ( machi ), and 8 villages ( mura ). (See Map 4). Map 4: Tokyo s 23 Special Wards and 26 Cities, about here) The area encompassed by the 23 special wards constituted the city of Tokyo until 1943 and can be thought of as the central city. The special wards are now separate, self-governing municipalities, each with an elected Mayor and Assembly, but they differ from the ordinary Japanese city in that some government functions are handled by the Tokyo Metropolitan Government. (See

10 10 Map 5). The suburban cities, towns and villages also have local governments with elected Mayors and Councils. (Map 5: Tokyo s 23 Special Wards, about Here) Tokyo had 12.4 million inhabitants in 2003: 8.3 million lived in the central, 23 ward area, 4.1 million in the suburban cities, towns and villages (See NYC section, Table 1). Tokyo Metropolitan Government combines with the adjoining prefectures of Chiba, Kanagawa and Saitama to form the Greater Tokyo area. With over 35 million inhabitants, Greater Tokyo is usually considered to be the most populous metropolitan region in the world. In this study Tokyo s central city refers to the 23 ward area, and Tokyo s suburbs to the remaining 26 cities encompassed by the Tokyo metropolitan government. 11 Place stratification refers to stratification among Tokyo s wards, cities, towns and villages and between Tokyo s central city and suburbs. Per capita income data for Tokyo s wards and suburban communities comes from tax records compiled by Japan s Ministry of Internal Affairs and Communications and contained in publications by the Japan Real Estate Institute, the Japan Marketing Education Center, and JPS. Additional data are derived from population censuses performed every five years by the central government s Bureau of Statistics and from periodic surveys conducted by the Tokyo Metropolitan Government and various agencies of the central government. Place stratification in the central city. Spatial inequality increased in Tokyo between 1971 and 2000, as in New York City but Tokyo s increase was small by comparison to New York. Income inequality among New York City boroughs doubled (99.1%) between 1970 and

11 whereas inequality among Tokyo s wards grew by 16 percent. (Tokyo s increase rises to 46 percent if 1970 is compared to 2004 instead of 2000). (See Tables 7 & 8) (Table 7: Per Capita Income & Income Inequality, Tokyo s Central City wards and Suburban cities, , about here) (Table 8: Per Capita Income Inequality, Tokyo & New York, about Here) Tokyo s pattern of change also differs from New York s. New York s trend is linear: income stratification among boroughs increases decade by decade in a straight line. Tokyo s trend is cyclical: inequality among wards falls in the 1970s, rises in the1980s, falls in the 1990s, and rises again between 2000 and 2005 in a wave like pattern (See Chart 1). (Chart 1: Per Capita Income, Tokyo & New York, , about here) Income inequality among places in New York City is two to three times greater than in Tokyo. The gap between high and low income communities is much narrower in Tokyo than in New York and so is the distance between middle and low income areas. The CoV among New York City boroughs was.442 in 2000 and.736 among community districts. The CoV among Tokyo s central city wards was.263. Ranked by income, the wealthiest 10 percent of New York s community districts had 7.27 times the per capita income of the poorest tenth in 2000, an increase from 6.86 in The top tenth of Tokyo s wards had 2.07 times the per capita income of the bottom tenth, a decline from 2.58 in 1990 (the ratio increased to 2.55 in 2004). New York s poorest ten percent of community districts averaged 55 percent of the median district income in Tokyo s lowest income wards averaged 78% of the median ward income.

12 12 The spatial configuration of inequality in New York and Tokyo is similar at the central city level in that a small number of wealthy central districts in both cities establish the income stratification pattern for the central city as a whole. In New York a half dozen districts in southern Manhattan are pulling further and further away from the rest of the city. In Tokyo, the fluctuating fortunes of four central wards (Chiyoda, Chuo, Minato, Shibuya) largely determine the rise and fall of spatial inequality in the city. When Tokyo s four central wards pull away from the others, place inequality increases. When the four central wards are pulled back to the fold, place inequality declines. Dropping the 4 central wards from the analysis nearly eliminates the increase in inequality among wards between 1971 and 2000: the rise in CoV drops from 16 percent to 3 percent. (The CoV increase between 1971 and 2004 diminishes from 46 percent to 17 percent). (Chart 2). (Chart 2: Tokyo s per capita income inequality with and without the four central wards (Chiyoda, Chuo, Minato and Shibuya), , about here) Place stratification in the metropolitan area However, the pattern of spatial inequality at the metropolitan level is quite different in the two cities. Tokyo s high income districts are all in-or-proximate to the central functions core of the city. Income differences among wards and suburban communities outside of the central core are quite modest and remarkably stable over the three decade period (See Table 7). New York s high income districts are in-or-proximate to the central functions core and in surrounding suburban counties. The poorest districts are in outlying areas of the central city.

13 13 New York s suburbs are wealthier than the central city and the gap is growing. Tokyo s central city is wealthier than the suburbs and there are no signs of the central city s dominant position in the metropolitan area weakening, just the reverse. New York s central city to suburban income ratio fell from 73 percent in 1980 to 65 percent in Tokyo s central city to suburban income ratio increased during the same two decades from 114% to 122% in 2000 (See Table 9). (Table 9: Central City Per Capita Income as a Percent of Suburban Per Capita Income, New York PMSA* and Tokyo-to**, , about here) The size of the income gap between central city and suburbs is less in Tokyo (22 percent) than is the gap between New York s suburbs and central city City (35%). Tokyo s suburbs are also much less stratified amongst themselves than are suburbs in New York s Westchester County. Tokyo s suburban CoV was.108 in 2000 compared to.395 in Westchester County. Tokyo s wealthiest suburb had 1.56 times the per capita income of the poorest. The top to bottom suburban income ratio in Westchester County was 4.3. Summary. There are two broad similarities in spatial inequality in New York and Tokyo. First, spatial inequality increases in both cities between 1970 and Second, the fortunes of a few central districts (South Manhattan in New York, and Tokyo s four central wards) basically establish the income stratification pattern for the entire central city. There the similarities end and the differences begin. Differences in Degree. Income inequality among places in New York City is two to three times greater than in Tokyo.

14 14 Differences in Trends. Income inequality among New York City boroughs doubled between 1970 and 2000 while growing 16 percent among wards in Tokyo. New York s inequality trend is linear; Tokyo s is cyclical. Differences in Patterns. New York s high income districts are located in or adjacent to the central functions core in southern Manhattan and in outlying suburban areas, like Westchester County. Low income districts are located inside the central city but outside the wealthy urban core. Tokyo s high income districts are all located in and adjacent to the central functions urban core. There is relatively little income stratification among central city wards and suburban communities outside the urban core. New York s suburbs are wealthier than the central city and the gap is growing. Tokyo s central city is wealthier than the suburbs and the gap expands and contracts from decade to decade. The size of the income gap between central city and suburbs is greater in New York than in Tokyo. Tokyo-New York Comparison Social Class Professional & managerial. A higher percentage of New York City residents work in professional and managerial occupations than in Tokyo and New York professionals and managers are more segregated from other occupational groups in New York than in Tokyo. Thirty-seven percent of resident New Yorkers occupy professional and managerial positions as compared to twenty percent of Tokyoites (See Table 10).

15 15 The CoV in percent professional and managerial among New York s community districts is.438 compared to.217 among Tokyo s wards and cities (See Table 11). The distribution of professional and managers among New York community districts ranges from nearly 70 percent in some Manhattan districts to 16 percent in sections of Bronx and Brooklyn (See Chart 3). Tokyo s distribution is more compressed, ranging from over 28 percent in the central Shibuya ward to under 13 percent in the eastern ward of Adachi. (Tables 10: Percentages in selected socio-economic variables, Tokyo and New York City, 2000, about here) (Table 11: Coefficient of Variation in selected socio-economic variables, New York City community districts, Tokyo 23 wards and Tokyo wards & suburban cities, 2000, about here) (Chart 3: Percent professional and managerial among places, Tokyo and New York City, 2000, about here) Production workers. By contrast, the percentage of Tokyo residents working in production jobs (20.9%) is twice as high as in New York City (10.9%). The distribution of production workers in Tokyo ranges from a low of 9.3 percent in central Chiyoda ward to above 30 percent in some eastern wards and suburban communities (See Chart 4). The comparable range in New York City is from less than 2 percent in the Upper East Side of Manhattan to 23% in Brooklyn s Bushwick district. As with professionals and managers, production workers are less segregated in Tokyo (CoV=.319) than in New York City (CoV=.421). (Chart 4: Percent production workers among places, Tokyo and New York City, 2000, about here) So, one reason why income is more unequally distributed among places in New York City than in Tokyo is the much greater degree of social class

16 16 segregation in New York. Percent professional and managerial is the single best predictor of per capita income among New York City s community districts, with a correlation of.920 (See Table 12 &Chart 5). The inverse correlation between percent production workers and per capita income is almost as large (r= -.801). Tokyo s correlations are in the same direction (r=.674,r= -.629) but are not as strong as in New York City. (Table 12: Pearson product moment correlations between per capita income and selected variables, Tokyo and New York City, 2000, about here) (Chart 5: Percent professional & managerial and per capita income among places, New York community districts, 2000, about here) Economic Base Finance, insurance & real estate (FIRE). Finance capital plays a larger role in New York City than in Tokyo and finance is a volatile industry with stark internal divisions in payout and reward. FIRE constitutes 11.4 percent of New York City s resident labor force as compared to 7.5 percent in Tokyo (See Chart 6). People who work in the FIRE sector are most likely to live in the high income, central core of both cities. However, only about a tenth of the residents in Tokyo s four central wards work in FIRE compared to a fifth in some Manhattan districts. Tokyo residents working in FIRE are also more dispersed throughout wards (CoV=.296) than in New York City counterparts (CoV=.331). The correlation between percent FIRE and per capita income is strong in both cities but higher in New York (r=.888) than in Tokyo (r=.674) (See Chart 7). (Chart 6: Percent FIRE among places, Tokyo and New York City, 2000, about here) (Chart 7: Percent FIRE and per capita income, New York community districts, 2000, about here)

17 17 So, a second reason why Tokyo has less income inequality among places than New York City is that finance is less central to the workings of Tokyo s economy and Tokyoites working in the FIRE sector are less residentially concentrated in the city s central wards than one finds in New York s Manhattan core. Manufacturing. By contrast, Tokyo possesses a more sizable and dynamic manufacturing sector than New York City (See Chart 8) percent of Tokyo residents work in manufacturing compared to 6.6 percent in New York City. Tokyo residents working in manufacturing reaches a high of 24 percent in eastern Sumida ward and surpasses 30 percent in some suburban cities compared to a high of 14 percent in the Flat Bush district of Brooklyn. Manufacturing is more evenly distributed among Tokyo s wards and cities (CoV=.315) than among New York City s districts (CoV=.412). The greater concentration of manufacturing in Tokyo and the greater residential diffusion of manufacturing workers among Tokyo wards and cities is a third reason why Tokyo has a more even distribution of income among places than New York City. Tokyo has experienced less de-industrialization than New York and manufacturing tends to provide middle income jobs. (Chart 8: Percent manufacturing among places, Tokyo and New York City, 2000, about here) In summary, Tokyo has a more diversified economic base and a more balanced occupational structure than New York City. The spatial diversity of Tokyo s economy, in this case, the more balanced spatial mix between FIRE and manufacturing, reduces inequality in Tokyo as does the more balanced spatial

18 18 mix among professional, managerial and production workers. Spatial integration by industry and occupational groups condenses Tokyo s place stratification, while spatial segregation by industry and occupational groups expands New York City s place stratification. Immigration. (Chart 9: Per capita income among places, Tokyo and New York City, 2000, about here) Foreign born. New York is a city of immigrants. Thirty-six of New York residents are foreign born. This compares to less than 4 percent of Tokyo s residents. 12 Many districts in New York City have half or more of the population foreign born. The highest is Elmhurst in Queens with 68 percent foreign born in In Tokyo, the central Minato ward, an embassy district, has the highest percentage of registered foreigners, with 10.8 percent (See Chart 9). The foreign born are more concentrated in selected wards in Tokyo (CoV=.751) than in New York City (CoV=.371) and a much smaller percentage of Tokyo s registered foreigners are immigrants. Districts with higher percent of foreign born tend to have lower per capita incomes in New York City, although the correlation is not very high (r= -.303). Just the reverse is the case in Tokyo (r=.543) where registered foreigners are more likely to live in high income than in low income wards. Differences in the size and spatial distribution of the foreign born population in Tokyo and New York City do not seem to explain differences in income stratification among places in the two cities. (Chart 10: Percent foreign born among places, Tokyo and New York City, 2000, about here).

19 19 Tokyo-New York Comparisons: Trends Tokyo s cyclical trend in place inequality is rooted in the city s real estate cycle. The correlation between land price per square meter and per capita income among places in Tokyo is very high (r=.866) (See Chart 11). Stock and property values ballooned in the 1980s, burst and collapsed in the early 1990s, and turned upward again in the past few years. The rise and fall in land values and per capita income is disproportionately concentrated in Tokyo s central four wards as are the dwelling places of the owners, brokers, builders, bankers and ancillary services providers most involved in playing the real estate game. (Chart 11: Land price per square meter & per capita income among Tokyo wards and cities, 2000, about here) New York also experienced a speculative stock and property market boom in the 1980s. But the collapse of New York s bubble in the late 1980s did not diminish income stratification among places, as it did in Tokyo. Instead place inequality continued to rise. New York has undergone a transformation in economic base, class structure and labor market in the past three decades that has no real parallel in Tokyo. Financial institutions and related business services have come to dominate New York s economy. The city s FIRE based economy is increasingly polarized between high and low paying service occupations. Deindustrialization has further diminished New York s middle income jobs as have cutbacks in government employment. Federal tax cuts on capital gains and dividends have channeled even more income into the hands of New York s financial elite and into the high rent districts in which they live.

20 20 Tokyo s rentier class has also grown and so has inequality between the central wards and the rest of Tokyo. But place stratification in Tokyo is several levels of magnitude less than in New York City and fluctuates up and down with the real estate cycle. By comparison to New York, Tokyo has a diversified economy, a broadly middle class social structure and a spatially integrated mix of occupational groups. In fact, Tokyo looks more like New York City did in the 1970s before the neo-liberal makeover that made the big Apple a prototype for the Washington Consensus, U.S. foreign economic policy, and the new global city.

21 21 Maps, Tables and Charts Map 1: New York City, 5 Boroughs and 59 Community Districts Source: New York City Department of Planning

22 Map 2: The New York City PSMA and the NY-NJ-PA MSA 22

23 23 Map 3: New York City Poverty areas Source: Beveridge, Andrew (2003) The Poor in New York City, 15 April.

24 Map 4: Tokyo s 23 Special Wards, 26 Cities, 5 Towns and 8 Villages 24

25 Map 5: Tokyo s Central City, 23 Wards 25

26 26 Table 1: Population, New York City & Tokyo, (in 1,000) New York City 7,072 7,323 8,008 8,085 Boroughs Manhattan 1,428 1,486 1,537 1,565 Bronx 1,169 1,204 1,333 1,363 Queens 1,891 1,952 2,229 2,225 Brooklyn 2,231 2,301 2,465 2,473 Staten Island Tokyo 11,618 11,856 12,064 12, wards 8,352 8,164 8,135 8,340 Suburbs 3,266 3,692 3,929 4,029 Sources: New York City, Department of City Planning, Community District Profiles. Tokyo Metropolitan Government, Tokyo s Population.

27 27 Table 2: Per capita Income & Income Inequality. New York City Boroughs, New York City $7,131 $16,281 $22,402 Boroughs Bronx $2,908 $5,343 $10,535 $13,959 Brooklyn $3,043 $5,754 $12,388 $16,775 Manhattan $5,212 $10,776 $27,862 $42,922 Queens $3,996 $7,549 $15,348 $19,222 Staten Island $3,500 $7,576 $17,507 $23,905 Mean $3,732 $7,400 $16,728 $23,357 Standard Deviation $832 $1,928 $6,061 $10,313 SD/Mean (Coefficient of Variation) Highest as percent of Mean Highest as percent of lowest Source: per capita personal income is from US Census Bureau 1998 USA Counties (Income, Money Census), per capita personal income is from US Census Bureau New York QuickFacts.

28 28 Table 3: Income ratios among New York City Boroughs, Per Capita Income Manhattan s ratio to: Bronx Queens Brooklyn Staten Island Queens ratio to Bronx Brooklyn ratio to Bronx Staten Island ratio to Bronx Source: calculated from per capita personal income data provided in U.S. Census Bureau 1998 Counties (for ) and U.S. Census Bureau New York QuickFacts (for 2000).

29 29 Table 4: Per capita income inequality, New York City Community Districts, Mean $20, 822 $22,780 Standard Deviation 13,417 16,760 Coefficient of Variation (SD M) Highest 10th as % of lowest 10* Number of Districts Calculated from data provided in New York City, Department of City Planning, Community District Profiles.

30 30 Table 5: Per Capita Income Inequality among Community Districts by Boroughs, New York City, Manhattan Mean $35,760 $44,073 Standard Deviation 22,342 26,520 SD/M (CoV) Number of districts Bronx Mean $13,041 $13,522 Standard Deviation 6,018 5,372 SD/M (CoV) Number of districts Queens Mean $20,175 $19,476 Standard Deviation 4,119 4,222 SD/M (CoV) Number of districts Brooklyn Mean $16,202 $17,111 Standard Deviation 5,510 6,781 SD/M (CoV) Number of districts Staten Island Mean $22,936 $24,068 Standard Deviation 1,879 3,002 SD/M (CoV) Number of districts 3 3 New York City Mean $20,822 $22,780 Standard Deviation 13,417 16,760 SD/M Number of districts Calculated from data provided in New York City, Department of City Planning, Community District Profiles.

31 31 Table 6: Per capita income inequality, New York City Community Districts and Westchester County suburbs, New York City Districts Westchester County Suburbs Mean $22,780 $45,895 Standard Deviation 16,760 18,119 Coefficient of Variation Highest as % of lowest Number Calculated from data provided in New York City, Department of City Planning, Community District Profiles. and by the Westchester County Department of Planning, County Data Book

32 32 Table 7: Per Capita Income & Income Inequality, Tokyo's Central City Wards and Suburban Cities, (10,000 yen) Per Capita Income and Income Inequality Central City Mean Standard deviation S.D./M Suburbs Mean Standard deviation S.D./M Tokyo (central city and suburban cities) Mean Standard Deviation S.D./M *Per capita income is total taxable individual income divided by population. Taxable individual income includes the sum of salaries, bonuses, income from individual businesses, pensions, interest on savings, dividends, rents, and real estate sales, after some work related expenses are deducted. Registered foreigners are not included. Sources: Japan Real Estate Institute (Nihon Fudosan Kenkyujyo) Statistics on Real Estate (Fudosan Tokei) for ; Japan Marketing Education Center, Individual Income Indicators (Kojin Shotoku Shihyuo) for 1971 and 2000; JPS, Individual Income Indicators, for 2004.

33 33 Table 8: Per capita income inequality, Tokyo & New York, Coefficient of Variation % Change 1970* Tokyo (23 wards) % 69.4% Tokyo (23 wards & 26 suburbs) % 68.8% New York (5 Boroughs) % New York (59 Community Districts) *1971 for Tokyo Sources: Tokyo data: Japan Real Estate Institute (Nihon Fudosan Kenkyujyo) Statistics on Real Estate (Fudosan Tokei) for ; Japan Marketing Education Center, Individual Income Indicators (Kojin Shotoku Shihyuo) for 1971 and 2000; JPS, Individual Income Indicators, for New York Data: New York City, Department of City Planning, Population Division, NYC 2000 Results from the 2000 Census (for the boroughs). New York City, Department of City Planning, Community District Profiles (for community districts).

34 34 Table 9: Central City per capita income as a Percent of Suburban per capita income New York PMSA* and Tokyo-to**, 1980, 1990, 2000 Central City and Suburban Per Capita Income Ratio New York PMSA Tokyo-to Year % 114% % 128% % 122% Sources: New York data: Swanstrom, Todd, Casey Colleen, Flack, Robert And Dreier, Peter (2004) Pulling Apart: Economic Segregation Among Suburbs and Central Cities in Major Metropolitan Areas. Washington, D.C.: The Brookings Institution Living Census Series, Appendix A. Tokyo data: Japan Real Estate Institute (Nihon Fudosan Kenkyujyo) Statistics on Real Estate (Fudosan Tokei) for ; Japan Marketing Education Center, Individual Income Indicators (Kojin Shotoku Shihyuo) for *The New York PMSA includes the five boroughs of New York City (the "central city") and the cities and communities in Westchester, Rockland and Putnam Counties (the "suburbs").

35 35 Table 10: Percentages in selected socio-economic variables, Tokyo and New York City, 2000 New York Tokyo Tokyo wards & Percent of Resident City 23 Wards suburban cities Labor Force % Professional & Managerial 36.8% 19.8% 20.3% % Production Workers* 10.9% 20.1% 20.9% % FIRE (finance, Insurance & Real Estate 11.4% 7.8% 7.5% % Manufacturing 6.6% 10.6% 11.4% % Foreign Born 35.9% 3.6% 2.9% *In the U.S. census this category encompasses production, transportation and materials handling.

36 36 Table 11: Coefficient of Variation in selected socio-economic variables, New York City community districts, Tokyo 23 wards and Tokyo wards & suburban cities, 2000 Percent Resident Labor Force New York community Tokyo Tokyo wards & districts 23 Wards suburban cities Per Capita Income % Professional & Managerial % Production Workers* % FIRE (finance, Insurance & Real Estate % Manufacturing % Foreign Born *In the U.S. census this category encompasses production, transportation and materials handling.

37 37 Table 12: Pearson product moment correlations between per capita income and selected variables, Tokyo and New York City, 2000 New York Community Tokyo Tokyo wards & Districts 23 Wards suburban cities Correlation between Per capita income and % Professional & Managerial % Production Workers* % FIRE (finance, Insurance & Real Estate % Manufacturing % Foreign Born *In the U.S. census this category encompasses production, transportation and materials handling.

38 38 Chart 1: Comparison of Per Capita Inequality, NYC and Tokyo NYC Boroughs Coefficient of Variation NYC Community Boards Tokyo 23 wards Tokyo wards and cities

39 39 Chart 2: Tokyo 23 Wards' Per Capita Income Inequality With and Without the 4 Highest Income Wards, Tokyo 23 wards Coefficient of Variation Tokyo 23 wards without 4 wards

40 40 Chart 3: % Professional & Managerial Among Places, Tokyo & New York City % Professional & Managerial New York Tokyo Places

41 41 Chart 4: % Production Workers Among Places, Tokyo & New York, % Production Workers Tokyo 10 5 New York City Places

42 42 Chart 5: % Professional & Managerial and Per Capita Income, New York Community Districts, ,000 80,000 70,000 60,000 Per C ap ita In com e 50,000 40,000 R = ,000 20,000 10, % Professional & Managerial 80

43 43 Chart 6: Percent FIRE among Places, Tokyo & New York, % FIRE New York City 10 Tokyo Places

44 44 Chart 7: % FIRE and Per Capita Income, New York Community Districts, ,000 80,000 70,000 60,000 50,000 40,000 R = ,000 20,000 10, % FIRE Chart 8:

45 45 Percent Manufacturing among Places, Tokyo & New York % Manufacturing 15 Tokyo 10 New York Places

46 46 Chart 9: Per Capita Income Among Places, Tokyo-to & New York City, ,000 80,000 70,000 Per Capita Income 60,000 50,000 40,000 30,000 New York City 20,000 Tokyo 10, Places

47 47 Chart 10: Percent Foreign Born among Places, Tokyo & New York % Foreig n Born New York Tokyo Places

48 48 Chart 11: Land price per square meter & Per capita income, Tokyo wards & cities (10,000 yen) Per capita income R = ,000 1,200 1,400 1,600 Land Price (1,000 (1,000 yen/m 2 )

49 49 Endnotes 1 See, for example, Swanstrom, Todd, Coleen Casey, Robert Flack and Peter Dreier (2004) Pulling Apart: Economic Segregation Among Suburbs and Central Cities in Major Metropolitan Areas. Living Cities Census Series. The Brookings Institution. October. 2 Marcuse, Peter and Ronald van Kempen (Eds) (2000) Globalizing Cities: A New Spatial Order? (London: Blackwell), pp URBEX refers to The Spatial Dimensions of Urban Social Exclusion and Integration: A European Comparison) and is part of the 4 th Framework programme of the European Union labeled Targeted Socio-Economic Research (TSER). The project has been coordinated by Professor Sako Musterd, Department of Geography and Planning, University of Amsterdam and brings together researchers in Amsterdam, Antwerp, Berlin, Birmingham, Brussels, Hamburg, London, Milan, Naples, Paris and Rotterdam. The URBEX research was carried out in twenty-two neighborhoods in eleven cities in six EU member states. See Musterd, Sako and Alan Murie (editors) The Spatial Dimensions of Urban Social Exclusion and Integration. URBEX Series, No. 22, Final Report. The URBEX project homepage can be found at 4 There are exceptions. For a study of place stratification in Osaka see Fujita, Kuniko and Richard Child Hill (1997) Together and Equal: Place Stratification in Osaka, Pp in Paul Karan and Karen Stapelton (eds) The Japanese City (Lexington Kentucky: University of Kentucky Press). On divisions between the Shitamachi and Yamanote areas in Tokyo, see Waley, Paul (2002), Moving the Margins of Tokyo, Urban Studies, volume 30, number 9, pp For a comparison of the distribution of income among municipal governments in Nagoya and Detroit, see Andrew Jacobs (2003) Embedded Autonomy and Uneven Development: A comparison of the Detroit and Nagoya Regions, Urban Studies, volume 40, pp And for a comparison of spatial segregation of classes in Kyoto and Edinborough, see Fielding, Anthony J. (2004) Class and Space: Social Segregation in Japanese Cities, Transactions of the Institute of British Geographers, volume 29, number 1, March, pp Each board has up to 50 members appointed by the Borough President in which the district is located. City Council members whose electoral districts over lap with a community district are ex officio board members, they may participate in all community board activities, and the chair community boards although they may not vote on board issues. 6 After the new boundary standards released in 2003, the New York region can be viewed at three hierarchical levels. Instead of one CMSA made up of fifteen PMSAs, the new Consolidated Statistical Area (New York-Newark-Bridgeport, NY-NJ-CT-PA-CSA) includes six Metropolitan Statistical Areas, (New York is contained in the New York-Northern New Jersey-Long Island, NY- NJ-PA Metro SA) which are further subdivided in four Metropolitan Divisions and one MicroSA (New York is contained in the New York-Wayne-White Plains, NY-NJ Metro Division). See The Brookings Institution (2004), The Living Census Series, November, pp The Census Bureau divides counties into census tracts of between 2500 and 8000 residents as a basis for tabulating and presenting decennial census data. New York City had 2,217 census tracts in the 2000 Decennial Census. 8 There are a few exceptions, such as Brooklyn Heights and Park Slope in Brooklyn. 9 Census definitions for metropolitan regions changed in The 5 boroughs and 3 counties in the New York PSMA now form a Metro Division in the NY-NJ-PA Metropolitan Statistical Area. 10 Assembly members are elected from 127 electoral districts. The electoral districts do not coincide with ward, city, town or village boundaries.

50 50 11 Tokyo Metropolitan Prefecture includes 5 towns and 8 villages. These towns and villages are not included in this analysis. 12 The data on foreign born in Tokyo refers to registered foreigners.

The Property Tax in New York State. Condition Report Prepared for the Education Finance Research Consortium December 2008

The Property Tax in New York State. Condition Report Prepared for the Education Finance Research Consortium December 2008 The Property Tax in New York State Nelson A. Rockefeller Institute of Government 411 State Street Albany, New York 12203 Condition Report Prepared for the Education Finance Research Consortium December

More information

PUBLIC DISCLOSURE COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION

PUBLIC DISCLOSURE COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION SMALL BANK Comptroller of the Currency Administrator of National Banks PUBLIC DISCLOSURE November 6, 2002 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION City National Bank Of New Jersey Charter 16142

More information

The State of Mortgage Lending in New York City

The State of Mortgage Lending in New York City The State of Mortgage Lending in New York City Mortgage lending trends provide an important window into the housing market and the changing availability of credit, both of which have been profoundly affected

More information

Wealth Inequality and Racial Wealth Accumulation. Jessica Gordon Nembhard, Ph.D. Assistant Professor, African American Studies

Wealth Inequality and Racial Wealth Accumulation. Jessica Gordon Nembhard, Ph.D. Assistant Professor, African American Studies Wealth Inequality and Racial Wealth Accumulation Jessica Gordon Nembhard, Ph.D. Assistant Professor, African American Studies Wealth Inequality Increasing Media attention World wealth inequality (UNU-

More information

Income and wealth inequality

Income and wealth inequality Income and wealth inequality Income and wealth inequality The end of industrialization and Reaganomics Income inequality Wealth inequality Poverty Income and wealth inequality The end of industrialization

More information

DATA AND CHART PACK February 2016

DATA AND CHART PACK February 2016 DATA AND CHART PACK February 2016 Income Inequality Income includes the revenue streams from wages, salaries, interest on a savings account, dividends from shares of stock, rent, and profits from selling

More information

Center for Public Safety Initiatives. Immigration into the Greater Rochester Area

Center for Public Safety Initiatives. Immigration into the Greater Rochester Area Center for Public Safety Initiatives Rochester Institute of Technology John M. Klofas, Ph.D, Director Chris Delaney, Deputy Director John.klofas@rit.edu (585) 475-2423 Working Paper # 2009-14 May 12, 2009

More information

Housing Affordability in New York State

Housing Affordability in New York State Housing Affordability in New York State March 2014 Thomas P. DiNapoli New York State Comptroller Prepared by the Office of Budget and Policy Analysis Additional copies of this report may be obtained from:

More information

Economic inequality and educational attainment across a generation

Economic inequality and educational attainment across a generation Economic inequality and educational attainment across a generation Mary Campbell, Robert Haveman, Gary Sandefur, and Barbara Wolfe Mary Campbell is an assistant professor of sociology at the University

More information

Population. William Sander Professor of Economics at DePaul University and Consultant to the Federal Reserve Bank of Chicago

Population. William Sander Professor of Economics at DePaul University and Consultant to the Federal Reserve Bank of Chicago Population William Sander Professor of Economics at DePaul University and Consultant to the Federal Reserve Bank of Chicago Trends Many large cities in the U.S. started to decline in the 1950s both absolutely

More information

Sakakibara & Co. (CPA and Tax Advisors)

Sakakibara & Co. (CPA and Tax Advisors) Japanese Corporate Income Tax Rates 1. Statutory Tax Rates: The Japanese corporate income tax rates applicable for the fiscal years commencing on or after April 1, 2012, which was approved by the Diet

More information

The Third Certainty: How and Why New York City s Property Taxes Increase Consistently Addressing The Many Misconceptions

The Third Certainty: How and Why New York City s Property Taxes Increase Consistently Addressing The Many Misconceptions Real Estate Forefront Emerging Developments in the NYC Marketplace, #22 The Third Certainty: How and Why New York City s Property Taxes Addressing The Many Misconceptions February 2013 2 Everyone knows

More information

Neighborhood Diversity Characteristics in Iowa and their Implications for Home Loans and Business Investment

Neighborhood Diversity Characteristics in Iowa and their Implications for Home Loans and Business Investment Neighborhood Diversity Characteristics in Iowa and their Implications for Home Loans and Business Investment Liesl Eathington Dave Swenson Regional Capacity Analysis Program ReCAP Department of Economics,

More information

Policy Analysis Report

Policy Analysis Report CITY AND COUNTY OF SAN FRANCISCO BOARD OF SUPERVISORS BUDGET AND LEGISLATIVE ANALYST 1390 Market Street, Suite 1150, San Francisco, CA 94102 (415) 552-9292 FAX (415) 252-0461 Policy Analysis Report To:

More information

Striking it Richer: The Evolution of Top Incomes in the United States (Update using 2006 preliminary estimates)

Striking it Richer: The Evolution of Top Incomes in the United States (Update using 2006 preliminary estimates) Striking it Richer: The Evolution of Top Incomes in the United States (Update using 2006 preliminary estimates) Emmanuel Saez March 15, 2008 The recent dramatic rise in income inequality in the United

More information

Demography. Focus on the three contributors to population change: Fertility, mortality, and migration

Demography. Focus on the three contributors to population change: Fertility, mortality, and migration 1 Formal Demography Demography Focus on the three contributors to population change: Fertility, mortality, and migration Social Demography Focus on relationship between social, economic, and demographic

More information

FISCAL CAPACITY IN NEW YORK: THE CITY VERSUS THE REGION HOWARD CHERNICK *

FISCAL CAPACITY IN NEW YORK: THE CITY VERSUS THE REGION HOWARD CHERNICK * FISCAL CAPACITY IN NEW YORK FISCAL CAPACITY IN NEW YORK: THE CITY VERSUS THE REGION HOWARD CHERNICK * Abstract - This paper addresses the difficulties in developing comparative measures of fiscal capacity

More information

SUMMARY OF VITAL STATISTICS 2012 THE CITY OF NEW YORK

SUMMARY OF VITAL STATISTICS 2012 THE CITY OF NEW YORK SUMMARY OF VITAL STATISTICS 2 THE CITY OF NEW YORK PREGNANCY OUTCOMES 4 35 Birth Rate per 1, Population 3 25 2 1 14.8 5 1898* 1913* 192 194 1954 198 1982 199 2 *1898-1913 Birth counts are estimated as

More information

Article: Main results from the Wealth and Assets Survey: July 2012 to June 2014

Article: Main results from the Wealth and Assets Survey: July 2012 to June 2014 Article: Main results from the Wealth and Assets Survey: July 2012 to June 2014 Coverage: GB Date: 18 December 2015 Geographical Area: Region Theme: Economy Main points In July 2012 to June 2014: aggregate

More information

2016 Mortgage Survey Report

2016 Mortgage Survey Report New York City Rent Guidelines Board 2016 Mortgage Survey Report April 14, 2016 Board Members Chair: Hon. Kathleen A. Roberts (Ret.) Public Members: Steven Flax Cecilia Joza K. Sabeel Rahman Helen Schaub

More information

NATIONAL SURVEY OF HOME EQUITY LOANS

NATIONAL SURVEY OF HOME EQUITY LOANS NATIONAL SURVEY OF HOME EQUITY LOANS Richard T. Curtin Director, Surveys of Consumers Survey Research Center The October 1998 WP51 The 1988, 1994, and 1997 National Surveys of Home Equity Loans were sponsored

More information

USING CURRENT POPULATION SURVEY DATA TO EXAMINE SCHOOL ADMINISTRATORS CAREERS

USING CURRENT POPULATION SURVEY DATA TO EXAMINE SCHOOL ADMINISTRATORS CAREERS Appendix D USING CURRENT POPULATION SURVEY DATA TO EXAMINE SCHOOL ADMINISTRATORS CAREERS The Current Population Survey (CPS) is a monthly household survey conducted by the Bureau of the Census for the

More information

Educational Attainment in the United States: 2015

Educational Attainment in the United States: 2015 Educational Attainment in the United States: 215 Population Characteristics Current Population Reports By Camille L. Ryan and Kurt Bauman March 216 P2-578 This report provides a portrait of educational

More information

FOR REAL ESTATE & URBAN POLICY

FOR REAL ESTATE & URBAN POLICY FURMAN CENTER N E W Y O R K U N I V E R S I T Y FOR REAL ESTATE & URBAN POLICY S C H O O L O F L A W W A G N E R S C H O O L OF P U B L I C S E R V I C E 139 MacDougal Street, 2 nd Floor, New York, NY

More information

2003 Annual Survey of Government Employment Methodology

2003 Annual Survey of Government Employment Methodology 2003 Annual Survey of Government Employment Methodology The U.S. Census Bureau sponsors and conducts this annual survey of state and local governments as authorized by Title 13, United States Code, Section

More information

Do Tax Increases in New York City Cause a Loss of Jobs? A Review of the Evidence

Do Tax Increases in New York City Cause a Loss of Jobs? A Review of the Evidence An examination of the periods 1969-71 Moshe and 1973-75 Adler, shows Oliver that Cook, several and factors James Parrott led to the of the fall Fiscal in employment, Policy Institute, and that Albany,

More information

Average Federal Income Tax Rates for Median-Income Four-Person Families

Average Federal Income Tax Rates for Median-Income Four-Person Families 820 First Street, NE, Suite 510, Washington, DC 20002 Tel: 202-408-1080 Fax: 202-408-1056 center@cbpp.org http://www.cbpp.org April 10, 2002 OVERALL FEDERAL TAX BURDEN ON MOST FAMILIES INCLUDING MIDDLE-

More information

William Penn established Pennsylvania s units of local government when he owned all the

William Penn established Pennsylvania s units of local government when he owned all the Pennsylvania Municipalities: In a Class by T hemselves Courtesy of the Pennsylvania Township News magazine William Penn established Pennsylvania s units of local government when he owned all the land that

More information

The Wealth of Households: An Analysis of the 2013 Survey of Consumer Finances

The Wealth of Households: An Analysis of the 2013 Survey of Consumer Finances November 214 The Wealth of Households: An Analysis of the 213 Survey of Consumer Finances By David Rosnick and Dean Baker* Center for Economic and Policy Research 1611 Connecticut Ave. NW Suite 4 Washington,

More information

Undervaluation of Imputed Rents in China s GDP Compared with Japan: a Historical Review of Estimation Methods and Relevant Statistics * Dr.

Undervaluation of Imputed Rents in China s GDP Compared with Japan: a Historical Review of Estimation Methods and Relevant Statistics * Dr. Journal of Economics and Development Studies September 2015, Vol. 3, No. 3, pp. 61-69 ISSN: 2334-2382 (Print), 2334-2390 (Online) Copyright The Author(s). All Rights Reserved. Published by American Research

More information

Striking it Richer: The Evolution of Top Incomes in the United States (Updated with 2015 preliminary estimates)

Striking it Richer: The Evolution of Top Incomes in the United States (Updated with 2015 preliminary estimates) Striking it Richer: The Evolution of Top Incomes in the United States (Updated with 2015 preliminary estimates) Emmanuel Saez, UC Berkeley June 30, 2016 What s new for recent years? 2013-2015: Robust income

More information

Do Tax Increases in New York City Cause a Loss of Jobs? A Review of the Evidence

Do Tax Increases in New York City Cause a Loss of Jobs? A Review of the Evidence Do Tax Increases in New York City Cause a Loss of Jobs? A Review of the Evidence By Moshe Adler, Oliver Cook and James Parrott December 5, 2001 (Revised December 11, 2001) Preliminary Draft for Review

More information

MEMORANDUM. I. Methodology

MEMORANDUM. I. Methodology MEMORANDUM To: Richard Slingerland, Village of Mamaroneck and the Mamaroneck Industrial Area Committee cc: Peter Syrett, replace Urban Studio From: Katie Lyon and Kei Hayashi, BJH Advisors Date: May 27,

More information

PUBLIC DISCLOSURE COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION

PUBLIC DISCLOSURE COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION PUBLIC DISCLOSURE February 22, 2010 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION Community Bank of Bergen County RSSD No. 275509 18 Railroad Avenue Rochelle Park, New Jersey 07662 FEDERAL RESERVE

More information

The goal is to transform data into information, and information into insight. Carly Fiorina

The goal is to transform data into information, and information into insight. Carly Fiorina DEMOGRAPHICS & DATA The goal is to transform data into information, and information into insight. Carly Fiorina 11 MILWAUKEE CITYWIDE POLICY PLAN This chapter presents data and trends in the city s population

More information

King County s Changing Demographics

King County s Changing Demographics King County s Changing Demographics A View of Our Increasing Diversity Chandler Felt, Demographer King County Office of Performance, Strategy and Budget King County Council, June 5, 2013 A note on sources

More information

PUBLIC DISCLOSURE COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION

PUBLIC DISCLOSURE COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION SMALL BANK Comptroller of the Currency Administrator of National Banks Washington, DC 20219 PUBLIC DISCLOSURE July 1, 2004 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION Eastbank, National Association

More information

Population/square mile

Population/square mile 1 14 27 40 53 66 79 92 105 118 131 144 157 170 183 196 209 222 235 Cleveland ENVP U6250.001 POVERTY, INEQUALITY & ENVIRONMENT Population Distribution and Poverty To better understand the relationship between

More information

Standing up for London s Education

Standing up for London s Education Standing up for London s Education A manifesto for our schools and colleges 113k London needs to create 113,110 new school places during the lifetime of this Parliament. (London Councils Report, Do the

More information

New York City Neighborhood Tabulation Areas

New York City Neighborhood Tabulation Areas Page 1 of 10 New York City Neighborhood Tabulation Areas ESRI Shapefile Tags New York, boundary, neighborhoods, Manhattan, projection areas, Queens, Brooklyn, Richmond, boundaries, neighborhood names,

More information

R e a l i t y C h e c k

R e a l i t y C h e c k The New American Economy A Rising Tide that Lifts Only Yachts T he United States is the richest country on earth; the income of the average American household substantially exceeds that of the average

More information

A Half-Century of California Poverty

A Half-Century of California Poverty A Half-Century of California Poverty Robert G. Mogull California State University at Sacramento In this article, poverty statistics are examined over the past 50 years for insights on trends. Data were

More information

Tenure by Household Size - 2009

Tenure by Household Size - 2009 NEIGHBORHOOD APARTMENT MARKET ANALYSIS CITY OF CHICAGO Market Composition & Distribution The neighborhood apartment market consists of a range of properties developed from the early 1900s to more modern,

More information

GENERAL INFORMATION. INSTITUTION'S CRA RATING: This institution is rated ASatisfactory@.

GENERAL INFORMATION. INSTITUTION'S CRA RATING: This institution is rated ASatisfactory@. GENERAL INFORMATION The Community Reinvestment Act (CRA) requires each federal financial supervisory agency to use its authority when examining financial institutions subject to its supervision, to assess

More information

Public Disclosure. Community Reinvestment Act Performance Evaluation

Public Disclosure. Community Reinvestment Act Performance Evaluation O Comptroller of the Currency Administrator of National Banks Washington, DC 20219 WHOLESALE BANK Public Disclosure August 8, 2008 Community Reinvestment Act Performance Evaluation Delta National Bank

More information

Fact Sheet Poverty in South Africa

Fact Sheet Poverty in South Africa Fact Sheet Poverty in South Africa INTRODUCTION New estimates of poverty show that the proportion of people living in poverty in South Africa has not changed significantly between 1996 and 2001. However,

More information

Executive Summary. 204 N. First St., Suite C PO Box 7 Silverton, OR 97381 www.ocpp.org 503-873-1201 fax 503-873-1947

Executive Summary. 204 N. First St., Suite C PO Box 7 Silverton, OR 97381 www.ocpp.org 503-873-1201 fax 503-873-1947 Executive Summary 204 N. First St., Suite C PO Box 7 Silverton, OR 97381 www.ocpp.org 503-873-1201 fax 503-873-1947 On Whose Backs? Tax Distribution, Income Inequality, and Plans for Raising Revenue By

More information

PUBLIC DISCLOSURE COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION

PUBLIC DISCLOSURE COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION SMALL BANK Comptroller the Currency Administrator National Banks Washington, DC 20219 PUBLIC DISCLOSURE March 24, 2008 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION Charter National Bank And Trust

More information

2015 Mortgage Survey Report

2015 Mortgage Survey Report New York City Rent Guidelines Board 2015 Mortgage Survey Report April 2, 2015 Board Members Chair: Rachel D. Godsil Public Members: Steven Flax Cecilia Joza K. Sabeel Rahman Helen Schaub Owner Members:

More information

Residential Market. Downtown Houston

Residential Market. Downtown Houston Downtown Houston The Houston Market Houston s residential market represents one of the best values in the United States. The city ranks third in the 2010 Forbes list of best housing markets, and second

More information

Fiscal impact analysis of three development scenarios in Nashville-Davidson County, TN

Fiscal impact analysis of three development scenarios in Nashville-Davidson County, TN Fiscal impact analysis of three development scenarios in Nashville-Davidson County, TN April 2013 Prepared by 1 SUMMARY BY SMART GROWTH AMERICA Summary This study examines the relative fiscal costs and

More information

FEDERAL SPENDING AND SEGREGATION IN CHICAGO SUBURBS

FEDERAL SPENDING AND SEGREGATION IN CHICAGO SUBURBS 05_Kurban_9010_Trans 2/5/07 11:51 PM Page 49 FEDERAL SPENDING AND SEGREGATION IN CHICAGO SUBURBS Haydar Kurban I. INTRODUCTION Previous studies documented that the shift in federal spending away from urban

More information

Enrollment Projections. New York City Public Schools. 2012-13 to 2021-22. Volume II

Enrollment Projections. New York City Public Schools. 2012-13 to 2021-22. Volume II Enrollment Projections for the New York City Public Schools 2012-13 to 2021-22 Volume II Prepared for the New York City School Construction Authority February 2013 2 TABLE OF CO TE TS Page Executive Summary...

More information

PUBLIC DISCLOSURE COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION

PUBLIC DISCLOSURE COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION PUBLIC DISCLOSURE January 12, 1998 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION Community Bank of Bergen County 02-34-1865 125 West Pleasant Avenue Maywood, New Jersey 07607 Federal Reserve Bank of

More information

Arkansas Property Tax: Revenue, Assessments & Rates

Arkansas Property Tax: Revenue, Assessments & Rates Madison County 1 Arkansas Property Tax: Revenue, Assessments & Rates Project Director Wayne P. Miller Data Analysis Vuko Karov Cooperative Extension Service University of Arkansas Division of Agriculture

More information

Community socioeconomic status and disparities in mortgage lending: An analysis of Metropolitan Detroit

Community socioeconomic status and disparities in mortgage lending: An analysis of Metropolitan Detroit The Social Science Journal 42 (2005) 479 486 Community socioeconomic status and disparities in mortgage lending: An analysis of Metropolitan Detroit Robert Mark Silverman Department of Urban and Regional

More information

Striking it Richer: The Evolution of Top Incomes in the United States (Updated with 2009 and 2010 estimates)

Striking it Richer: The Evolution of Top Incomes in the United States (Updated with 2009 and 2010 estimates) Striking it Richer: The Evolution of Top Incomes in the United States (Updated with 2009 and 2010 estimates) Emmanuel Saez March 2, 2012 What s new for recent years? Great Recession 2007-2009 During the

More information

Poverty among ethnic groups

Poverty among ethnic groups Poverty among ethnic groups how and why does it differ? Peter Kenway and Guy Palmer, New Policy Institute www.jrf.org.uk Contents Introduction and summary 3 1 Poverty rates by ethnic group 9 1 In low income

More information

Left Behind. Unequal Opportunity in Higher Education

Left Behind. Unequal Opportunity in Higher Education Left Behind Unequal Opportunity in Higher Education The 1965 Higher Education Act, which is slated to be reauthorized later this year, has sought to ensure that no student would be denied a college education

More information

Perceptions of Homelessness in Chicago and New York City

Perceptions of Homelessness in Chicago and New York City Perceptions of Homelessness in and City an ICPH Poll Comparison February 2011 Page 2 Perceptions of Homelessness in and City Perceptions of Homelessness in and City ICPH Poll Comparison In order to gauge

More information

2. Incidence, prevalence and duration of breastfeeding

2. Incidence, prevalence and duration of breastfeeding 2. Incidence, prevalence and duration of breastfeeding Key Findings Mothers in the UK are breastfeeding their babies for longer with one in three mothers still breastfeeding at six months in 2010 compared

More information

UK application rates by country, region, constituency, sex, age and background. (2015 cycle, January deadline)

UK application rates by country, region, constituency, sex, age and background. (2015 cycle, January deadline) UK application rates by country, region, constituency, sex, age and background () UCAS Analysis and Research 30 January 2015 Key findings JANUARY DEADLINE APPLICATION RATES PROVIDE THE FIRST RELIABLE INDICATION

More information

Housing Markets in Six Metropolitan Areas and their Main Central Cities

Housing Markets in Six Metropolitan Areas and their Main Central Cities Housing Markets in Six Metropolitan Areas and their Main Central Cities Rolf Pendall Director, Metropolitan Housing and Communities Policy Center, The Urban Institute Housing issues and opportunities at

More information

NERI Quarterly Economic Facts Summer 2012. 4 Distribution of Income and Wealth

NERI Quarterly Economic Facts Summer 2012. 4 Distribution of Income and Wealth 4 Distribution of Income and Wealth 53 54 Indicator 4.1 Income per capita in the EU Indicator defined National income (GDP) in per capita (per head of population) terms expressed in Euro and adjusted for

More information

Public Housing and Public Schools: How Do Students Living in NYC Public Housing Fare in School?

Public Housing and Public Schools: How Do Students Living in NYC Public Housing Fare in School? Furman Center for real estate & urban policy New York University school of law wagner school of public service november 2008 Policy Brief Public Housing and Public Schools: How Do Students Living in NYC

More information

Wall Street Journal. Suburbs Lose Office Workers to Business Districts, Reversing a Post-War Trend

Wall Street Journal. Suburbs Lose Office Workers to Business Districts, Reversing a Post-War Trend Wall Street Journal DECEMBER 13, 2010 Downtowns Get a Fresh Lease Suburbs Lose Office Workers to Business Districts, Reversing a Post-War Trend By ANTON TROIANOVSKI As the market for office space shows

More information

Lake County. Government Finance Study. Supplemental Material by Geography. Prepared by the Indiana Business Research Center

Lake County. Government Finance Study. Supplemental Material by Geography. Prepared by the Indiana Business Research Center County Government Finance Study Supplemental Material by Geography Prepared by the Indiana Business Research www.ibrc.indiana.edu for Sustainable Regional Vitality www.iun.edu/~csrv/index.shtml west Indiana

More information

Local Tax Overview. Delaware, Michigan, New Jersey & New York

Local Tax Overview. Delaware, Michigan, New Jersey & New York Local Tax Overview Delaware, Michigan, New Jersey & New York Table of Contents General Local Tax Guidelines... 1 How Are Local Taxes Calculated?... 2 Delaware Guidelines... 3 Michigan Guidelines... 4 New

More information

Volume URL: http://www.nber.org/books/lutz45-1. Chapter Title: Liquidity Ratios and Cash Balances. Chapter URL: http://www.nber.

Volume URL: http://www.nber.org/books/lutz45-1. Chapter Title: Liquidity Ratios and Cash Balances. Chapter URL: http://www.nber. This PDF is a selection from an out-of-print volume from the National Bureau of Economic Research Volume Title: Corporate Cash Balances, 1914-43: Manufacturing and Trade Volume Author/Editor: Friedrich

More information

the sixth class. Eighth class--fewer than 20,000 inhabitants PENNSYLVANIA

the sixth class. Eighth class--fewer than 20,000 inhabitants PENNSYLVANIA PENNSYLVANIA Pennsylvania ranks 2nd among the states in number of local governments, with 4,871 as of October 2007. COUNTY GOVERNMENTS (66) The entire area of the state is encompassed by county government

More information

An Equity Profile of the Kansas City Region. Summary. Overview. The Equity Indicators Framework. central to the region s economic success now and

An Equity Profile of the Kansas City Region. Summary. Overview. The Equity Indicators Framework. central to the region s economic success now and An Equity Profile of the Kansas City Region PolicyLink and PERE An Equity Profile of the Kansas City Region Summary Overview Across the country, regional planning organizations, community organizations

More information

Market Segmentation: The Omaha Condominium Market

Market Segmentation: The Omaha Condominium Market Market Segmentation: The Omaha Condominium Market Page 1 Market Segmentation: The Omaha Condominium Market Roger P. Sindt Steven Shultz Department of Economics and Real Estate University of Nebraska at

More information

1 2 3 4 Appendix A Appendix B Appendix C

1 2 3 4 Appendix A Appendix B Appendix C 1 2 3 4 Appendix A Appendix B Appendix C Introduction This chapter provides the foundation for the Comprehensive Plan, outlining why we plan, the planning process, Smart Growth Planning, and the planning

More information

NUMBERS, FACTS AND TRENDS SHAPING THE WORLD FOR RELEASE APRIL 7, 2015 FOR FURTHER INFORMATION ON THIS REPORT:

NUMBERS, FACTS AND TRENDS SHAPING THE WORLD FOR RELEASE APRIL 7, 2015 FOR FURTHER INFORMATION ON THIS REPORT: NUMBERS, FACTS AND TRENDS SHAPING THE WORLD FOR RELEASE APRIL 7, 2015 FOR FURTHER INFORMATION ON THIS REPORT: Carroll Doherty, Director of Political Research Rachel Weisel, Communications Associate 202.419.4372

More information

PUBLIC DISCLOSURE COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION

PUBLIC DISCLOSURE COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION FEDERAL RESERVE BANK OF NEW YORK 0 PUBLIC DISCLOSURE October 15, 1996 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION Community Bank of Bergen County 02-34-1865 125 West Pleasant Avenue Maywood, New

More information

What Drives the Consumer Price Index? Joshua Klick, Bureau of Labor Statistics, Washington DC

What Drives the Consumer Price Index? Joshua Klick, Bureau of Labor Statistics, Washington DC What Drives the Consumer Price Index? Joshua Klick, Bureau of Labor Statistics, Washington DC ABSTRACT The Consumer Price Index (CPI) is widely referenced as a measure of health for the US economy. Users

More information

CITY MANAGER $175,000 - $195,000. Plus Excellent Benefits. Apply by March 20, 2016 (open until filled)

CITY MANAGER $175,000 - $195,000. Plus Excellent Benefits. Apply by March 20, 2016 (open until filled) CITY MANAGER $175,000 - $195,000 Plus Excellent Benefits Apply by March 20, 2016 (open until filled) WHY APPLY? Located in south Lake Washington, just 10 minutes east of Seattle and 10 minutes west of

More information

Statistical Bulletin. The Effects of Taxes and Benefits on Household Income, 2011/12. Key points

Statistical Bulletin. The Effects of Taxes and Benefits on Household Income, 2011/12. Key points Statistical Bulletin The Effects of Taxes and Benefits on Household Income, 2011/12 Coverage: UK Date: 10 July 2013 Geographical Area: UK and GB Theme: Economy Theme: People and Places Key points There

More information

Who Is Working For Minimum Wage In Ontario? By Sheila Block

Who Is Working For Minimum Wage In Ontario? By Sheila Block Who Is Working For Minimum Wage In Ontario? By Sheila Block October, 2013 The Wellesley Institute engages in research, policy and community mobilization to advance population health. Copies of this report

More information

TOKYO-YOKOHAMA: UNIQUE AND SUPERLATIVE

TOKYO-YOKOHAMA: UNIQUE AND SUPERLATIVE TOKYO-YOKOHAMA: UNIQUE AND SUPERLATIVE FAST FACTS Similar To Metropolitan (Labor Market) Population 33,400,000** 1.5x New York Urbanized Area* Population 31,200,000 2x Osaka, 2x Sao Paulo Urbanized Land

More information

Global Demographic Trends and their Implications for Employment

Global Demographic Trends and their Implications for Employment Global Demographic Trends and their Implications for Employment BACKGROUND RESEARCH PAPER David Lam and Murray Leibbrandt Submitted to the High Level Panel on the Post-2015 Development Agenda This paper

More information

Financial Evaluation of the Right of Way Acquisition Loan Fund (RALF) Program

Financial Evaluation of the Right of Way Acquisition Loan Fund (RALF) Program Financial Evaluation of the Right of Way Acquisition Loan Fund (RALF) Program Prepared by: Jeff Cruickshank ProSource Technologies, LLC April 2, 2013 Table of Contents Introduction 1 Study Methodology

More information

THE SKYSCRAPER MUSEUM DBQ DOSSIER 2. tools for teaching student guide BOOM & BUST: SKYSCRAPERS & SPECULATION 1910-1930s HISTORICAL CONTEXT TASK

THE SKYSCRAPER MUSEUM DBQ DOSSIER 2. tools for teaching student guide BOOM & BUST: SKYSCRAPERS & SPECULATION 1910-1930s HISTORICAL CONTEXT TASK DBQ DOSSIER 2 tools for teaching student guide BOOM & BUST: SKYSCRAPERS & SPECULATION 1910-1930s HISTORICAL CONTEXT In the 1920s, the United States economy experienced remarkable growth that affected every

More information

The Effects of Unemployment on Crime Rates in the U.S.

The Effects of Unemployment on Crime Rates in the U.S. The Effects of Unemployment on Crime Rates in the U.S. Sandra Ajimotokin, Alexandra Haskins, Zach Wade April 14 th, 2015 Abstract This paper aims to analyze the relationship between unemployment and crime

More information

Striking it Richer: The Evolution of Top Incomes in the United States (Updated with 2012 preliminary estimates)

Striking it Richer: The Evolution of Top Incomes in the United States (Updated with 2012 preliminary estimates) Striking it Richer: The Evolution of Top Incomes in the United States (Updated with 2012 preliminary estimates) Emmanuel Saez, UC Berkeley September 3, 2013 What s new for recent years? 2009-2012: Uneven

More information

Philadelphia County. Land Use and Growth Management Profile

Philadelphia County. Land Use and Growth Management Profile Philadelphia County is located in the southeastern corner of Pennsylvania and is bordered by the Pennsylvania counties of Delaware, Montgomery, and Bucks, and the New Jersey counties of Burlington, Camden,

More information

Rethinking the Cultural Context of Schooling Decisions in Disadvantaged Neighborhoods: From Deviant Subculture to Cultural Heterogeneity

Rethinking the Cultural Context of Schooling Decisions in Disadvantaged Neighborhoods: From Deviant Subculture to Cultural Heterogeneity Rethinking the Cultural Context of Schooling Decisions in Disadvantaged Neighborhoods: From Deviant Subculture to Cultural Heterogeneity Sociology of Education David J. Harding, University of Michigan

More information

budget brief On Tuesday, August 3, legislative leaders proposed a new budget plan, including a tax swap that would increase some

budget brief On Tuesday, August 3, legislative leaders proposed a new budget plan, including a tax swap that would increase some UNDERSTANDING THE TAX SWAP budget brief AUGUST JUNE 2010 2005 On Tuesday, August 3, legislative leaders proposed a new budget plan, including a tax swap that would increase some of the state s personal

More information

Forty years ago when the discovery of North Slope

Forty years ago when the discovery of North Slope The Changing Economic Status of Alaska Natives, -2007 By Stephanie Martin and Alexandra Hill Note No. 5 July 2009 Forty years ago when the discovery of North Slope Figure 1. Economic Indicators, Alaska

More information

How can we estimate the quality deterioration with time in the rental service of office buildings in Japanese Services Producer Price Index?

How can we estimate the quality deterioration with time in the rental service of office buildings in Japanese Services Producer Price Index? How can we estimate the quality deterioration with time in the rental service of office buildings in Japanese Services Producer Price Index? May 2015 Masato Higashi Masahiro Higo Aki Ono Index 1. Outline

More information

Race and Ethnicity. Racial and Ethnic Characteristics for Bellevue

Race and Ethnicity. Racial and Ethnic Characteristics for Bellevue The Census contains a great deal of information that outlines the increasing level of diversity in our community. Among the demographic trends outlined in this section of the report will be race, ethnicity,

More information

The Construction Employment Payroll Limitation Program

The Construction Employment Payroll Limitation Program The Construction Employment Payroll Limitation Program New York State Insurance Fund Eligible Classifications Chargeable Payrolls Record-Keeping Requirements Territories & Surcharges Special Situations

More information

administrative subdivisions of the counties and are not counted as separate governments in census statistics on governments. IOWA

administrative subdivisions of the counties and are not counted as separate governments in census statistics on governments. IOWA IOWA Iowa ranks 17th among the states in number of local governments with 1,954 as of October 2007. COUNTY GOVERNMENTS (99) There are no areas in Iowa lacking county government. The county governing body

More information

Women, Wages and Work A report prepared by the UNC Charlotte Urban Institute for the Women s Summit April 11, 2011

Women, Wages and Work A report prepared by the UNC Charlotte Urban Institute for the Women s Summit April 11, 2011 A report prepared by the UNC Charlotte Urban Institute for the Women s Summit April 11, 2011 A report prepared for the Women s Summit by the UNC Charlotte Urban Institute 1 Table of Contents Table of Contents...

More information

Beef Demand: What is Driving the Market?

Beef Demand: What is Driving the Market? Beef Demand: What is Driving the Market? Ronald W. Ward Food and Economics Department University of Florida Demand is a term we here everyday. We know it is important but at the same time hard to explain.

More information

Rural America At A Glance

Rural America At A Glance United States Department of Agriculture Rural America At A Glance 2014 Edition Overview While the U.S. economy is now in its sixth year of recovery from the Great Recession of 2007-09, its performance

More information

The State of Equity in China: Income and Wealth Distribution

The State of Equity in China: Income and Wealth Distribution Chapter II The State of Equity in China: Income and Wealth Distribution The reason why people are restless is because among them there are the rich and the poor. When the poor people are so poor as to

More information

FRBSF ECONOMIC LETTER

FRBSF ECONOMIC LETTER FRBSF ECONOMIC LETTER 010- November 8, 010 Is Structural Unemployment on the Rise? BY ROB VALLETTA AND KATHERINE KUANG An increase in U.S. aggregate labor demand reflected in rising job vacancies has not

More information

Technical Report No. 1

Technical Report No. 1 [TYPE THE COMPANY ADDRESS] [TYPE THE COMPANY ADDRESS] The Washington Metropolitan Area 2030 Economic Outlook: Standard Forecast Technical Report No. 1 By Stephen S. Fuller, Ph.D. Dwight Schar Faculty Chair

More information

A Comparative Analysis of Income Statistics for the District of Columbia

A Comparative Analysis of Income Statistics for the District of Columbia Occasional Studies A Comparative Analysis of Income Statistics for the District of Columbia ACS Income Estimates vs. DC Individual Income Tax Data Jayron Lashgari Office of Revenue Analysis Office of the

More information